Welcome to our dedicated page for Carvana SEC filings (Ticker: CVNA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for Carvana Co. (NYSE: CVNA), an e-commerce platform for buying and selling used cars. As a public company, Carvana files a range of documents with the SEC that detail its financial condition, operating results, risk factors, and significant corporate events.
Among the most closely followed filings are Carvana’s quarterly reports on Form 10-Q and annual reports on Form 10-K, which present financial statements, management’s discussion and analysis, and information about its business model. These reports explain how Carvana generates revenue from used vehicle sales, wholesale vehicle sales, and other sales and revenues, including sales of loans to financing partners, commissions on vehicle service contracts, and sales of GAP waiver coverage.
Carvana also files current reports on Form 8-K to disclose material events. Recent Form 8-K filings have reported the announcement of quarterly financial results, referencing shareholder letters and press releases that provide additional detail on metrics such as net income, Adjusted EBITDA, and operating performance. These filings help investors track developments between periodic reports.
In addition, Carvana’s filings may include information on capital structure, risk factors, and relationships with subsidiaries such as ADESA, as well as discussions of macroeconomic and industry-related risks that could affect its operations. Disclosures about non-GAAP measures, including Adjusted EBITDA and Adjusted EBITDA margin, explain how management evaluates the business beyond traditional GAAP metrics.
On Stock Titan, Carvana’s SEC filings are updated as new documents are made available through the EDGAR system. AI-powered summaries and highlights can help readers quickly understand the key points of lengthy filings, including quarterly and annual reports and current reports on Form 8-K, while links to Form 4 and other ownership-related filings support research into insider transactions and equity holdings.
Carvana Co. (CVNA) – Form 144/A insider sale filing
The notice reveals that Ernest C. Garcia II & Elizabeth Joanne Garcia intend to sell 504,971 Class A common shares through J.P. Morgan Securities on 9 July 2025. The proposed trade carries an aggregate market value of $174.68 million, equal to roughly 0.37 % of the 135.02 million shares outstanding. The securities were originally obtained on 27 April 2017 via a unit-conversion transaction paid in cash.
Recent trading activity: The same selling group has disposed of 1,004,971 shares over the past three months across 18 transactions, with individual block sizes ranging from 4,971 to 100,000 shares. Adding the newly-planned sale brings total disclosed selling to ~1.51 million shares in a little over three months.
Key take-aways for investors:
- Large, continued insider sales by Carvana’s founder–related parties may weigh on market sentiment, particularly given their visibility within the company.
- The upcoming transaction does not create new equity and therefore causes no dilution, yet it increases the public float and may exert short-term supply pressure.
- No adverse, non-public information is claimed: the filers certify that they are unaware of undisclosed material negatives about Carvana.
Carvana Co. (NYSE: CVNA) has received a Form 144 notice for a substantial secondary share sale. The filing shows that Ernest C. Garcia II and Elizabeth Joanne Garcia plan to dispose of 500,000 shares of the company’s Class A common stock through J.P. Morgan Securities LLC on or about 9 July 2025. The block is valued at $172.96 million based on the market price stated in the form and equals roughly 0.37 % of the 135,023,435 shares outstanding.
The Garcias acquired the shares on 27 April 2017 via a “Conversion – Exchange of Units” transaction paid in cash. The filing also details an extensive history of recent sales: during the period from 30 May 2025 to 8 July 2025 they sold approximately 1,004,971 shares of Class A common stock in 18 separate transactions, generating gross proceeds of more than $340 million. When combined with the newly proposed sale, total planned and executed disposals reach roughly 1.5 million shares within a little over two months.
Key data
- Shares to be sold: 500,000
- Aggregate market value: $172.96 million
- Broker: J.P. Morgan Securities LLC
- Recent three-month sales: ~1.0 million shares
- Outstanding shares: 135,023,435
This continued and sizeable selling activity by the named shareholders may influence market sentiment, particularly given the scale relative to daily trading volumes and the short time frame involved.
Carvana Co. (CVNA) – Form 4 filing dated 07/09/2025
10% owner Ernest C. Garcia II reported a conversion of 100,000 Class A units of Carvana Group, LLC into an equal number of Class A common shares on 07/07/2025, pursuant to the 2017 Exchange Agreement. Immediately after conversion, he sold the entire 100,000 Class A shares through multiple trades executed under a Rule 10b5-1 plan adopted on 12/13/2024. Weighted-average sale prices ranged from $347.11 to $354.96, implying gross proceeds of roughly $35 million.
Following the transactions, Garcia’s direct Class A share count fell to zero. He continues to hold substantial voting control through 36,537,346 Class B shares directly and 8,000,000 Class B shares indirectly via ECG II SPE, LLC. In addition, derivative holdings include 45,671,681 Class A units directly and 10,000,000 units indirectly, each exchangeable into Class A shares at a 0.8:1 ratio.
The filing signals a modest reduction in the owner’s liquid Class A position but leaves his overall economic and voting stake largely intact.
Carvana Co. (CVNA) – Form 4 insider transaction
On 7 July 2025, Chief Executive Officer, Director and >10% owner Ernest C. Garcia III filed a Form 4 disclosing the sale of 6,244 Class A common shares through two family trusts that he controls. The sales were executed under a Rule 10b5-1 trading plan adopted on 13 Dec 2024, indicating they were pre-scheduled rather than discretionary.
- Trusts involved – Ernest Irrevocable 2004 Trust III and Ernest C. Garcia III Multi-Generational Trust III.
- Shares sold – 3,122 shares by each trust, across six trades apiece.
- Price range – volume-weighted average prices between $353.79 and $359.41.
- Remaining holdings – 681,440 shares (Irrevocable Trust) and 781,440 shares (Multi-Generational Trust) after the transactions.
- No derivative security activity was reported.
The combined sale represents well under 1 % of the shares still held by the reporting person’s trusts, suggesting only limited near-term impact on his overall economic exposure to Carvana.
Carvana Co. (CVNA) – Form 4 insider transaction
Chief Executive Officer, Director and >10% shareholder Ernest C. Garcia III reported two days of pre-scheduled share sales executed under a Rule 10b5-1 trading plan adopted on 13 Dec 2024.
- Transaction dates: 3 Jul 2025 and 7 Jul 2025
- Total shares sold: 13,756 Class A common shares across two family trusts (6,878 shares each)
- Price range (VWAPs reported): US$339.35 – US$352.75, with detailed volume-weighted averages disclosed for each tranche
- Entities selling: Ernest Irrevocable 2004 Trust III and Ernest C. Garcia III Multi-Generational Trust III, for which Garcia serves as Investment & Co-Administrative Trustee
- Post-sale holdings: 684,562 shares in the Irrevocable Trust and 784,562 shares in the Multi-Generational Trust – an aggregate of 1,469,124 shares that continue to be held indirectly
The filing contains no derivative security activity, and no other changes in beneficial ownership were reported. Garcia remains Carvana’s CEO, Director, and substantial shareholder. The disposition represents a small fraction of his indirect holdings and was carried out through an established trading plan, suggesting routine liquidity or portfolio diversification rather than an exceptional change in insider sentiment.
Carvana Co. (CVNA) – Insider Form 4 filing dated 07/08/2025
Chief Product Officer Daniel J. Gill reported two same-day transactions on 07/07/2025 executed under a Rule 10b5-1 trading plan adopted on 12/13/2024:
- Option exercise (Code M): 7,100 Class A shares acquired at an exercise price of $10.07 per share.
- Open-market sale (Code S): 7,100 Class A shares sold at a reported price of $350 per share.
After the transactions Mr. Gill’s direct ownership stands at 197,832 Class A shares, down from 204,932. He retains 250,786 unexercised stock options following the filing.
The trade represents a 3.5 % reduction of his directly held shares and was carried out pursuant to a pre-arranged plan, limiting the informational value regarding current insider sentiment. No company-level financial metrics or operational updates are included in this filing.
FAQ
What is the current stock price of Carvana (CVNA)?
What is the market cap of Carvana (CVNA)?
